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ARE records net income of JD0.01 million at the end of 2016

2017-02-19

According to the financial statements of the Arab Real Estate Establishment Company ARE for the year 2016, Net profit after tax of the period reached 14,351 JD Compared with Net Loss after tax (58,825) JD for 2015.Total assets of the company reached 735,774 JD compared with total assets of 901,208 JD at the end of year 2015, a net decrease of 18.36%.Total liabilities of the company reached 372,523 JD compared with total liabilities of 404,759 JD at the end of year 2015, a net decrease of 7.96%. Net ownership equity of the company reached 363,251 JD compared with total owner equity of 496,449 JD at the end of year 2015, a net decrease of 26.83%.